Srisawad Corporation Public Company Limited

SET:SAWAD Stock Report

Market Cap: ฿61.2b

Srisawad Corporation Valuation

Is SAWAD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAWAD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAWAD (THB40.5) is trading above our estimate of fair value (THB37.17)

Significantly Below Fair Value: SAWAD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAWAD?

Key metric: As SAWAD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAWAD. This is calculated by dividing SAWAD's market cap by their current earnings.
What is SAWAD's PE Ratio?
PE Ratio12x
Earnings฿5.09b
Market Cap฿61.17b

Price to Earnings Ratio vs Peers

How does SAWAD's PE Ratio compare to its peers?

The above table shows the PE ratio for SAWAD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
TIDLOR Ngern Tid Lor
12.5x15.2%฿51.0b
MTC Muangthai Capital
18.8x18.9%฿106.5b
KTC Krungthai Card
16.7x7.4%฿121.8b
JMT JMT Network Services
15x11.6%฿26.3b
SAWAD Srisawad Corporation
12x11.0%฿61.2b

Price-To-Earnings vs Peers: SAWAD is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does SAWAD's PE Ratio compare vs other companies in the Asian Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SAWAD 12.0xIndustry Avg. 13.8xNo. of Companies26PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAWAD is good value based on its Price-To-Earnings Ratio (12x) compared to the Asian Consumer Finance industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is SAWAD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAWAD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: SAWAD is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAWAD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿40.50
฿42.65
+5.3%
11.5%฿51.00฿32.00n/a17
Nov ’25฿41.75
฿41.38
-0.9%
12.6%฿51.00฿32.00n/a17
Oct ’25฿43.25
฿39.32
-9.1%
15.8%฿50.50฿26.00n/a17
Sep ’25฿38.00
฿38.76
+2.0%
17.2%฿54.00฿26.00n/a17
Aug ’25฿33.25
฿41.89
+26.0%
10.9%฿54.00฿34.00n/a16
Jul ’25฿33.75
฿41.97
+24.3%
12.7%฿54.00฿34.00n/a16
Jun ’25฿41.50
฿41.88
+0.9%
12.9%฿54.00฿34.00n/a16
May ’25฿37.27
฿41.15
+10.4%
12.9%฿54.55฿35.45n/a15
Apr ’25฿38.41
฿41.33
+7.6%
12.5%฿54.55฿36.36n/a15
Mar ’25฿34.09
฿43.70
+28.2%
11.3%฿54.55฿36.36n/a14
Feb ’25฿35.23
฿46.66
+32.4%
13.7%฿62.27฿38.18n/a14
Jan ’25฿36.82
฿46.48
+26.3%
13.5%฿62.27฿38.18n/a15
Dec ’24฿40.23
฿46.48
+15.6%
13.5%฿62.27฿38.18n/a15
Nov ’24฿37.95
฿47.65
+25.5%
16.9%฿63.64฿38.18฿41.7516
Oct ’24฿38.86
฿48.58
+25.0%
18.5%฿63.64฿38.18฿43.2515
Sep ’24฿45.45
฿48.58
+6.9%
18.5%฿63.64฿38.18฿38.0015
Aug ’24฿42.95
฿50.03
+16.5%
16.6%฿63.64฿38.18฿33.2515
Jul ’24฿42.95
฿48.55
+13.0%
19.0%฿63.64฿32.73฿33.7516
Jun ’24฿50.91
฿48.55
-4.6%
19.0%฿63.64฿32.73฿41.5016
May ’24฿50.45
฿46.01
-8.8%
21.5%฿59.09฿27.27฿37.2714
Apr ’24฿47.95
฿46.03
-4.0%
21.4%฿59.09฿27.27฿38.4115
Mar ’24฿50.00
฿44.79
-10.4%
20.1%฿59.09฿27.27฿34.0915
Feb ’24฿50.91
฿43.54
-14.5%
21.6%฿59.09฿27.27฿35.2314
Jan ’24฿44.32
฿43.54
-1.8%
21.6%฿59.09฿27.27฿36.8214
Dec ’23฿41.82
฿45.55
+8.9%
18.8%฿59.09฿31.82฿40.2314
Nov ’23฿37.95
฿50.41
+32.8%
17.7%฿59.09฿31.82฿37.9514

Analyst Forecast: Target price is less than 20% higher than the current share price.

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